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Small Business LoansProject InformationContact US

About HIDC

 

Housatonic Industrial Development Corp. (HIDC) mission is to help Connecticut's small businesses grow, create or retain jobs and achieve economic development goals within the state.

For more than 45 years, HIDC has been a leading resource to Connecticut's small businesses through the creation and administration of long-term fixed rate financing.

 

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SBA 504 Loan Program

 

The SBA 504 Loan Program works with lenders to provide up to 90% long- term, fixed-rate financing for small-to-medium sized businesses that retain and/or create employment opportunities.

 

 

 

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Current Loan Rates

 

Below are the 20 year effective rates for HIDC assisted loans funded in the past six months:

 

Nov  2018   5.591  20 year

                  5.640  25 year

Oct   2018  5.492  20 year

                 5.532  25 year

Sept 2018  5.250   20 year

                 5.290   25 year

Aug 2018   5.30%  20 year

                 5.35%  25 year

July 2018   5.259%  20 year

                 5.320%  25 year

June 2018  5.32%